Conventional Restaurant
For Sale
$1,000,000
303 Kietzke Lane, Reno, NV 89502
For-sale conventional restaurant commercial property located in Washoe County.
Property Size4,998 SF
Days on Market51
Property Features for 303 Kietzke Lane
General Information
Standard status
Active
Size
4,998 SF
Zoning
MU
Net Operating Income
$64,401
Taxes and HOA fees
Annual Taxes
$5,773
Amenities
Central Air, Evaporative Cooling
Forced Air
Chain Link
Parking Lot
Building Details
Building Size
4,998 SF
Year Built
1965
Stories
1
Listing Agency:
Engel & Volkers Reno
Listed By:
Tom Abbott
(775) 287-8029
Source:
Evrealestate
Added: Jul 16
Changed: Aug 8
Last Checked: Jul 31 at 5:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Engel & Volkers Reno
Investment Insights
Based on property information with market context.
This offering is a for-sale conventional restaurant property within the commercial real estate category. The information provided identifies the asset as a restaurant use, with the property being marketed for acquisition.
The property is listed in Washoe County and is located at 303 Kietzke Lane in Reno, Nevada (89502). Additional details on building size, layout, improvements, frontage, parking, or current tenant status were not provided in the available information.
The property is listed in Washoe County and is located at 303 Kietzke Lane in Reno, Nevada (89502). Additional details on building size, layout, improvements, frontage, parking, or current tenant status were not provided in the available information.
Key Highlights
- Conventional restaurant commercial property for sale in Washoe County (Washoe County).
- Year built: 1965.
- Central air plus evaporative cooling.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$72,578
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,451,560
$1.5M
Cap Rate 7%
$1,036,829
$1.0M
Cap Rate 9%
$806,422
$806.4K
Market Conditions
NOI Build-Up for 4,998 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$105.0K $21.00/SF
− Vacancy
−$8.2K −$1.64/SF
EGI
$96.8K $19.36/SF
− OpEx
−$24.2K −$4.84/SF
NOI
$72.6K $14.52/SF
Area
Reno, NV
Vacancy
7.80%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,451,560
Cap Rate 7%
$1,036,829
Cap Rate 9%
$806,422
Alternative Uses
Best Use
Specialty Retail
$1.04M
$907.2K – $1.21M
NOI $72,578 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,822 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,145
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 89502, NV
47,062
Population
20,781
Households
2.3
Avg Household Size
36
Median Age
19%
College-Educated
80%
High-School Grad
21.5 sq mi
ZIP Area
2,189
Density / Sq Mi
$62,719
Median Household Income
$36,796
Median Earnings
$1,243
Median Rent
$389,200
Median Home Value
Market
Vacancy Rate% for Retail in Reno, NV
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - For-sale conventional restaurant commercial property located in Washoe County.
Where is this conventional restaurant located?
The property is located at 303 Kietzke Lane Reno, NV.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Conventional restaurant commercial property for sale in Washoe County (Washoe County).; Year built: 1965.; Central air plus evaporative cooling.
